✳️ Cosmos Has Been Growing Since 2019, What Now? 200% Or More

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Drawing these trendlines here (brown) and using the long-term timeframe (weekly) can really help in giving us a good perspective, a nice "outside", long-term view of this market.

ATOMBTC (Cosmos)

The RSI is at its lowest level, you can see it at the bottom, the black line is moving near the red dashed line which denotes the lower limit.

This is producing a divergence when you look ATOMBTC in June 2022. We have a higher low now, June 2023.

The bullish divergence is present with both indicators, the MACD and RSI, weekly timeframe, making this signal really strong.

A year long bullish divergence present on both indicators.

While the current action is happening below EMA10, which is bearish, we are seeing multiple flat candles, sideways, and this can lead to a reversal, which is great.

Of course, this is supported by the fact that the entire Cryptocurrency has gone bullish, Bitcoin has been growing for more than 8 months and some Altcoins have gone absolutely wild. Up.

Looking at these early signals within this context gives us a clue of a potential bottom.

If by any chance this is not the bottom, just think long-term.

The bullish breakout should be strong when it happens in this pair and we can expect a higher high based on the chart structure which puts the potential profits above 200%.

Remember to do your own research, plan, study, breathe deeply, enjoy life and work smart to achieve success.

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